Before you invest, you need to ask yourself a few questions:
- Risk: How safe is this investment?
- Return: What types of returns can I expect?
- Stage of life: What type of risk and investment is good for my current life situation?
- Access: Can I get my money back if I need it? Could I end up with less money than I put in? How long will it take and how much will it cost to get the money back quickly?
- Diversification: Are my investments in a variety of places, to help me lower my chances of losing my money?